Gold pre-open analysis, trapping longs

Gold rallied to fresh highs last week, trapping breakout traders above the prior week's highs, setting the conditions for a major blow-off to the downside for the days ahead. In this video, we run through the prospects of a really nice trade setting up for the week ahead. Fundamentally, gold could also struggle in the absence of Chinese buying activity without alternative buyers - there is a lot of length as per Comex gold specs that could be trimmed ahead of the Federal Reserve.